Text Analytics Can Help Organizational Decision Makers Realize Valuable Insights

question 29

True/False

Text analytics can help organizational decision makers realize valuable insights into what customers are thinking about the organization, the values and actions of the company, as well as customer or vendor motivations for beginning, maintaining, improving, or discontinuing a relationship.

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Definitions:

Independent Variables

Variables in an experimental or observational study that are manipulated or categorized to determine their effect on dependent variables.

Coefficient Of Determination

A measure used in statistical analysis that assesses the explanatory power of a model, typically represented as R².

Residuals

Differences between observed and predicted values in a statistical model, indicating the error or unexplained variance.

Polynomial Model

A mathematical model that represents a relationship as a polynomial equation, typically involving variables raised to integer powers.